Hey Guys,
This is a chart analysis for 3rd Jan and 4th Jan which is expiry. It is standing at a very crucial level now. here two things can happen.
1. either make it or break it tomorrow.
2. or follow the same pattern like wise it is doing since friday and then burst out on either side on Thursday.
Be Neutral and follow the price action, you'll be able to catch...
Long-term Bias (Weekly): Definitely Bullish
Medium-term Bias (Daily): Definitely Bullish
Short-term Bias (195 Min): Bullish
Nifty had bounced sharply from the support suggesting good bullish move on the upside. ,my short term target is 16200 for next 1-2 weeks
let us see if this view works. I will stay with bullish bias, until I see spot bearishness
Thanks,
Yogesh
Important levels and my reading of NSE:NIFTY and NSE:BANKNIFTY for tomorrow. Disclaimer: not SEBI registered. Please like/share/subscribe on YouTube if you found this helpful and follow on TradingView.
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